Proposed by subjecting public banks regulated by the Central Bank

Wednesday - 01/06/2016

He attributed the banking expert Abdul Aziz Hassoun reasons curtail the role of banks in Iraq to lack attract deposits at a time when the deposit is to be a means of activity and effectiveness of credit where did not work the heads of their money. He said Hassoun media that the variation in the volume of deposits in Iraq, attributes some of the security situation and developments Political what made uneven exchange rate, and the imbalance suffered by the banks managing Hoadm spread, while in the countries of the world there are the means used by banks, including giving gifts to students to encourage them to save. He Hassoun that the way to find solutions required to revitalize the banking sector, especially after the financial distress that although The banking sector has developed his work using modern technology and foreign relations with banks around the world, yet the technology is expensive, but the intensive use be spending feasible, pointing out that Iraq is the only country that pays wages and salaries in cash and suggested that there will be banks network can the employee from which open an account and can convert his salary and thus encourage saving process which have benefits. He called goldfinch to the need to rebuild the bridges of trust between government authorities and banks first returned what has happened in the banks of the charges because of the behavior of some of the reason stagger their work and made the citizen alienate them, wondering why he did not deal with private banks, despite the presence of the central bank supervision by a licensed and has the financial possibility of cash and liquidity more than 50 percent and this means that the money is Off. commented Hassoun about the reasons for the weakness of the contribution of banks in the development, saying that the Rafidain Bank, established in 1941 and Rasheed in 1988 and deposits in banks Government old and confidence by clear and guaranteed but with that deposits are still limited government, banks and deposits of 30 trillion dinars and own 20 trillion dinars, and there is discrimination in the application of laws on private banks, adding that the central bank imposes on private banks to raise their capital substantially and here to be The government banks include also increase their capital. He called for solving problematic assignment of 27 banks operating to the Integrity Commission and financial Court after fining these banks huge money in irregularities unproven but that the official is a merchant imported, up fines to 50 billion was installments. He concluded Hassoun Speaking Ptoukath 2016 that the banks will work smoothly after taking reasonable precautions and stabilize its position even if did not sleep, and wished to attract deposits and earn the public's trust, stressing that the banks are in a corner of the foundation's money-generating economic process.